DTCC launches OTC Direct Join

DTCC at present introduced the launch of DTCC’s OTC Direct Join, a service offering seamless entry to OTC derivatives transactions knowledge which might be reportable within the U.S. and Canada.

With OTC Direct Join, funding professionals, knowledge distributors, and enterprise assist groups who’re lively within the derivatives markets acquire entry to a quick and frictionless knowledge supply resolution serving to subscribers handle market dangers and buying and selling danger components in close to real-time. OTC Direct Join eliminates handbook knowledge assortment strategies, offering scalability and automatic entry to DTCC Knowledge Repository (U.S.) LLC’s (DDR) Public Value Dissemination Dashboard (PPD Dashboard) printed knowledge.

“This resolution systematically and seamlessly disseminates OTC derivatives transaction knowledge to events,” stated Tim Lind, Managing Director of DTCC Knowledge Companies. “OTC Direct Join improves transparency within the OTC derivatives markets, as supposed by regulatory disclosure mandates, by offering subscribers with improved data entry.”

OTC Direct Join subscribers obtain knowledge on Amazon Net Companies (AWS) via AWS Knowledge Trade the place shoppers can simply discover, subscribe and use third-party knowledge within the cloud. AWS Knowledge Trade additionally natively integrates with different AWS companies for a frictionless expertise, together with Amazon Easy Storage Service (Amazon S3), Amazon Athena and Amazon Redshift, which can be utilized to streamline knowledge storage and ingestion right into a subscriber’s personal programs and functions.

“We’re excited to announce the launch of OTC Direct Join. OTC Direct Join gives a seamless, low-friction expertise with every day and intra-day updates,” concluded Christopher Nardo, Product Administration at DTCC.